India’s largest port operator and MSC sign agreement for Mundra’s new 1.5 million TEU capacity terminal
Adani Ports & SEZ, part of the Adani Group, and the Mediterranean Shipping Company (MSC) have formed a joint venture to operate the new Adani International Container Terminal (AICTPL) – the third container terminal at the Port of Mundra, India.
The new terminal, located in the port’s South Basin, will boast berth depths of around 17.5 metres and a capacity of 1.5 million TEU to increase Mundra’s container throughput to around five million TEU.
“The new container terminal will enable the biggest and largest container vessels to seamlessly berth and operate at Mundra,” said Adani Group chairman, Gautam Adani.
“The new container terminal will be a regional hub for the transhipment of international cargo.”
“These facilities, along with other terminals in Mundra and Hazira are poised to serve the nation’s sorely needed infrastructure shortages. Furthermore, Adani Ports will be expanding capacity to serve the nation’s port infrastructure needs, providing international standards of capability and cost efficiency,” added Adani.
Mundra Port also has rail connectivity to North & West India ICDs and operates double stack container trains to ICD Patli and other ICDs in the NCR zone.
In a written statement, Adani, India’s largest port operator, said that with rapid access to North and West India hinterland, the trade at large will benefit from the scale benefits of larger vessels calling at Mundra, in addition to its close proximity to hinterland markets, providing a “compelling cost advantage to port users”.
Adani Ports & SEZ and MSC will both hold a 50 percent stake in AICTPL, while MSC, making their first investment in India, will also be given berthing priority at the new facility.